Prevailing market wage, Why may a company want to pay its

Prevailing market wage

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Question

Why may a company want to pay its workers more than the prevailing market wage? A wage above the market equilibrium may reduce employee turn-over rate for the company. empowers the company to reduce the prevailing unemployment rate in the market. will increase the productivity of employees. enables the company to increase its profit.

Reference no: EM134039727

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